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Apr 11, 2012
04/12
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ross, which runs both ross dressed for less and dvs discounts have already made us a bundle. stocks give you a 160%. it is up 34% since i highlighted sales better than folding a knife in the eye. doesn't mean you missed it. let me run thu the growth checklist to show you why. first, we always look for companies with potential for multiyears. not six months, six days. multiple years. the future growth is easy to predict even many years down the line. ross has been posting terrific numbers lately. the overly skeptical would say that's aided by the warm weather. much of it is because ross has what people want for less than the other guy. the critical thing is that ross has not one, but two concepts at work and both have gone the wrong way. right now, the company has about 1,050 ross dressed for less stores -- even lower price points in seven states. their long-term goal to double their store count by opening another 500 ross locations and 500 more dvs. i think that's more than doable given the tj max and marshall's has about 2,000. it's a better company, stores, it would be -- i
ross, which runs both ross dressed for less and dvs discounts have already made us a bundle. stocks give you a 160%. it is up 34% since i highlighted sales better than folding a knife in the eye. doesn't mean you missed it. let me run thu the growth checklist to show you why. first, we always look for companies with potential for multiyears. not six months, six days. multiple years. the future growth is easy to predict even many years down the line. ross has been posting terrific numbers...
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Dec 7, 2020
12/20
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they -- the ross customer loves a bargain. they love the treasure hunt experience once the store started to reopen at the end of may they came back and started buying and we started to see gradual improvement in sales from quarter to quarter to quarter. we've also seen ross take market share from the department stores and specialty retailers in the last five years and with the number of bankruptcies and store closures in the retail space we think ross can continue toe to win and take market share. they're also opening new stores, up to 3,000 stores in the u.s. up from the 1900 stores they currently have and also, with all the bankruptcies and store closures happening in the retail space there's a lot of merchandise available and ross buyers are finding great deals, passing along to their customers and that'shelping their merchandising margins so we think there's a great opportunity with ross. the toing is trading below the other off price retailers and we think there's room for it to catch zblup yeah it's not as though this is
they -- the ross customer loves a bargain. they love the treasure hunt experience once the store started to reopen at the end of may they came back and started buying and we started to see gradual improvement in sales from quarter to quarter to quarter. we've also seen ross take market share from the department stores and specialty retailers in the last five years and with the number of bankruptcies and store closures in the retail space we think ross can continue toe to win and take market...
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Apr 12, 2012
04/12
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third, can ross stay competitive? come on. it's a two-horse race between ross and tgx. nobody else has the skill to play the way they do and ross stores has developed a system they make out of season purchases and pack the clothes away until they're back in season. just smart. ross is correct at raising dividend. 27% boost in february and though the .9 might seem like a puny yield, it's only because stock's run so much. fifth, can it expand internationally? that's okay. there's much more room to grow at home. tgx is a big international. six. is the balance sheet strong enough? seven? is the stock expensive? 15.6 times times earnings, pretty darn cheap. eight. can management execute on the growth plan? yes, yes, and yes. the current ceo has been at the helm since 1996. how much money you can make in the stock market. ross is up 3,450% since 1996. talk about a staggering track record. plus, the company has a very deep bench with fabulous merchandizing executives. ross is the kind of retailer where people shop in order to find bargains. the expansion story works even in a
third, can ross stay competitive? come on. it's a two-horse race between ross and tgx. nobody else has the skill to play the way they do and ross stores has developed a system they make out of season purchases and pack the clothes away until they're back in season. just smart. ross is correct at raising dividend. 27% boost in february and though the .9 might seem like a puny yield, it's only because stock's run so much. fifth, can it expand internationally? that's okay. there's much more room...
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Nov 27, 2012
11/12
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like ross stores. that's how fedex is now actually trading slightly above where it was when it preannounced to the downside on september 4th. the real catalyst, though, fedex announced a major restructuring in its analyst day on october 10th. i pick it regularly at my charitable trust. think of fedex as the ultimate self-help story. in some ways fedex, it's a mess. fixing that mess is what the restructuring is about. the company decentralized two separate networks, one for slower ground shipping, one for faster express shipping. fedex is massively consolidating its ground and express segments to make them more competitive, more profitable on a per package basis. fedex ultimate goal, increase their income by $1.7 billion by the end of the 2016 fiscal year. i thought that was a huge number when i heard it. every $500 million increase in operating income translates to about $1 a share increase. so this plan could eventually boost the company's earnings power by roughly $3.40. most restructurings really do
like ross stores. that's how fedex is now actually trading slightly above where it was when it preannounced to the downside on september 4th. the real catalyst, though, fedex announced a major restructuring in its analyst day on october 10th. i pick it regularly at my charitable trust. think of fedex as the ultimate self-help story. in some ways fedex, it's a mess. fixing that mess is what the restructuring is about. the company decentralized two separate networks, one for slower ground...
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Nov 6, 2017
11/17
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that wilbur ross shares business interests with vladimir putin's immediate family and that ross failed to disclose those interests when being confirmed. ross retains interest in a shipping company called navigator holdings and navigator, that shipping company, has a business relationship with a russian energy firm, the firm sibur you heard wilbur ross talking about controlled by putin's son-in-law ross said a company not under sanction, simply a normal company. this was a normal commercial relationship he also says he does not know the shareholders involved here, that is the russians who are the key to this story. and he said that these holdings were disclosed and there was nothing wrong with any of this at all so wilbur ross, as you guys just heard, giving a full throated response here to this recording over the weekend that involves his assets and his apparent relationship with a russian company. now the kremlin and social media also in focus. investments in twitter and facebook yuri milner received money from russian government backed entities. an investor in milner's facebook recei
that wilbur ross shares business interests with vladimir putin's immediate family and that ross failed to disclose those interests when being confirmed. ross retains interest in a shipping company called navigator holdings and navigator, that shipping company, has a business relationship with a russian energy firm, the firm sibur you heard wilbur ross talking about controlled by putin's son-in-law ross said a company not under sanction, simply a normal company. this was a normal commercial...
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Mar 11, 2010
03/10
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maura. >> reporter: hey there, ross. ross's angels. i should quite like that a bit here. really staggering numbers today coming out from the chinese economy regarding how quickly the economy has rebounded. on the inflation front, we saw cpi at a 16-month high here jumping 3.7% in the month of february. producer prices jumping higher than expected, 5.4%, and we also saw industrial production jumping 0.17%, higher than expected. what this all means is that the economy is recovering and firmly recovering and the government can now begin to slowly withdraw its stimulus. what it doesn't mean, though, is that the government is worried about inflation. and even though the markets have been worried about tightening here in china and about the inflation picture and about the economy overheating, authorities are not concerned. the central bank governor said, and i'm quoting here, is that inflation in china is going to be mild and controllable this year. premier wynn wen jiabao said last week that he expects the inflation targets to be around that number. don't forget, too, we're co
maura. >> reporter: hey there, ross. ross's angels. i should quite like that a bit here. really staggering numbers today coming out from the chinese economy regarding how quickly the economy has rebounded. on the inflation front, we saw cpi at a 16-month high here jumping 3.7% in the month of february. producer prices jumping higher than expected, 5.4%, and we also saw industrial production jumping 0.17%, higher than expected. what this all means is that the economy is recovering and...
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Feb 11, 2010
02/10
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and that name is ross stores, as in ross, dress for less. this off-price retailer raised its quarterly dividend from 11 cents to 16 cents last thursday. do you know that is a 45% dividend surge? that's extraordinary. still, ross has a pint-sized 1.4% yield, but that's not the theme of this week. we're not looking for companies with the biggest dividends, that you're going to find with the kendra morgan partners. this is just about the biggest dividend boost, the signals about business. and a 45% increase takes the birthday cake, so to speak. so far this year, 78 companies with market capitalizations over $1 billion have raised their dividends. only 29 have done so by more than 10%. while just 10 have given us dividend hikes of 20% or more, ross stores in a really really limited category. think of a massive dividend hike as being similar to a babe ruth style cold shot. the people running ross stores tell us they think their business is in a position to hit it out of the park. and to keep on doing it over and over and over again. remember you
and that name is ross stores, as in ross, dress for less. this off-price retailer raised its quarterly dividend from 11 cents to 16 cents last thursday. do you know that is a 45% dividend surge? that's extraordinary. still, ross has a pint-sized 1.4% yield, but that's not the theme of this week. we're not looking for companies with the biggest dividends, that you're going to find with the kendra morgan partners. this is just about the biggest dividend boost, the signals about business. and a...
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Jun 2, 2016
06/16
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ross stores declining. how is tjx seizing the leadership position? leaving ross in the dust? and can this pecking order continue? i need to know what made ross stores the big guy in 2014 and 2015. the key to the story was the same store sales. when home depot was king. when lowe's surpassed them, lowe's became the anointed one. for most of 2014 and 2015, tjx had better number. last year it crushed it. its share price only advanced calm points over the course of a year. with tjx and ross, it is simpler than that. from 2014 and 2015, the ross stores delivered 8% revenue growth. significantly stronger than 6% from tjx. ross outperformed in terms of profitability with 14%. it decelerated. not only was it giving you faster growth but provided more consistency. no wouldn't it outperformed. but we have seen a changing of the guard. with tjx taking the lead and ross stores being relegated. when both companies reported the fourth quarter. stat when all the others were getting annihilated, had pretty impressive results. but jjx reported a much bigger one. however, while tjx had an amaz
ross stores declining. how is tjx seizing the leadership position? leaving ross in the dust? and can this pecking order continue? i need to know what made ross stores the big guy in 2014 and 2015. the key to the story was the same store sales. when home depot was king. when lowe's surpassed them, lowe's became the anointed one. for most of 2014 and 2015, tjx had better number. last year it crushed it. its share price only advanced calm points over the course of a year. with tjx and ross, it is...
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Aug 28, 2009
08/09
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hey, and we know ross, ross dress for less, it has a fashion bent. katie couric stops there. or at least she did when she was at nbc. but at the end of the day, ross seems to have the same sourcing problem that tjx does. the company is not in control of its own destiny because its selection of products and its margins depend on the excess inventory of other retailers like these guys. and a recovery where full-price retailers are moving a lot of inventory means the business model will get squeezed. there's also the fact that as the economy improves, let's just say fewer customers will trade down to ross because there's nothing keeping them other than the low prices. i happen to like my ross store. i think it's nice. but i'm not crazy -- i'd rather go to macy's. i know management at ross stores are more bullish than tjx, but they not be managing expectations that well. either way, i can't make ross the discount king. in spite of its strong execusion because of that sourcing problem that is going to be a problem for txj. all right. now it's time, now it's time to anoint the king
hey, and we know ross, ross dress for less, it has a fashion bent. katie couric stops there. or at least she did when she was at nbc. but at the end of the day, ross seems to have the same sourcing problem that tjx does. the company is not in control of its own destiny because its selection of products and its margins depend on the excess inventory of other retailers like these guys. and a recovery where full-price retailers are moving a lot of inventory means the business model will get...
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Oct 14, 2009
10/09
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. >> and i'm ross westgate in europe. basic resources are driving gains. >> and i'm brian shactman here in the u.s. intel signaling the tech recovery continues. today, jpmorgan kicks off earnings for the banking sector. >> it's hello and welcome to another edition of cnbc's "worldwide exchange." global equity res looking firmer today. the ftse cnbc global 300 is currently up 37 points. european stock markets into the trading session have gains around 1%, 2% pretty much across the board. rio tinto is up. it's inner orr production targets, that's helped. lighting past expectation. technology, oil, gas and banks are all firmer, as well. so that is what is boosting us this morning. on the currency markets, all that growth means the dollar has resumed its fairly broad slide. 89.13 is where we stand dollar against the yen. euro/dollar, 1.4898. sterling after hitting four-month lows yesterday, it's recovered somewhat against the green back, getting back towards 1.60. euro/sterling is back so 0.9326. we have unemployment data com
. >> and i'm ross westgate in europe. basic resources are driving gains. >> and i'm brian shactman here in the u.s. intel signaling the tech recovery continues. today, jpmorgan kicks off earnings for the banking sector. >> it's hello and welcome to another edition of cnbc's "worldwide exchange." global equity res looking firmer today. the ftse cnbc global 300 is currently up 37 points. european stock markets into the trading session have gains around 1%, 2% pretty...
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Nov 30, 2016
11/16
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wilbur ross as commerce secretary. both joined us right here on "squawk box" earlier this hour. >> did you ever think, wilbur ross, that you'd work for the government? >> i didn't think i'd ever have a boss again. >> joining us right now is ariana huffington and now announcing it today, cofounder and ceo of thrive global. i want to get really quick your reaction. i don't know if you know steven mnuchin or have a reaction politically to where we are right now. >> i don't know him. it's interesting he's both wall street and hollywood. he helped finance which feeds the trump profile. he was the finance chair. so far what he said to you today on the set does not match the trump populism. >> i want you to come back at some point to just talk politics and former "huffington post." but i want to talk thrive global this morning. today you're launching. explain to those who are uninitiated. >> so thrive global is a company i'm launching in response to the global epidemic of escalating stress and burnout. >> this year caused a l
wilbur ross as commerce secretary. both joined us right here on "squawk box" earlier this hour. >> did you ever think, wilbur ross, that you'd work for the government? >> i didn't think i'd ever have a boss again. >> joining us right now is ariana huffington and now announcing it today, cofounder and ceo of thrive global. i want to get really quick your reaction. i don't know if you know steven mnuchin or have a reaction politically to where we are right now....
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Jan 9, 2014
01/14
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hi, bertha. >> hi, ross. i do my bit. in fact, macy's flagship massive store is maybe like 15 minutes away on the subway. i never go there. i always shop online. and apparently a lot of other folks do, too. macy's reporting sales for the holiday season, november and december rose 3.6%. that includes sales at brick and mortar stores and in the third quarter, illustrate easily outperformed rivals such as kohl's, jcpenney's and walmart. holiday sales overall rose 2.7% nationwide. it will add positions, however, to its growing online business because of people like me who don't like going to the store. so overall staff levels will remain about the same. macy's is going to combine some store districtes and close five underperforming locations. shares rose 5% after hours trading in the u.s. meantime, frankfurt sales are up 5%, as well. other retailers are weighing in on their holiday experience. costco rose 3%, including the impact of fuel sale and foreign exchange. analysts expected sales to rise 1.8%. costco's results were bo
hi, bertha. >> hi, ross. i do my bit. in fact, macy's flagship massive store is maybe like 15 minutes away on the subway. i never go there. i always shop online. and apparently a lot of other folks do, too. macy's reporting sales for the holiday season, november and december rose 3.6%. that includes sales at brick and mortar stores and in the third quarter, illustrate easily outperformed rivals such as kohl's, jcpenney's and walmart. holiday sales overall rose 2.7% nationwide. it will add...
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Nov 30, 2016
11/16
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andrew ross sorkin has a look at what's coming up. the interview of the day you have coming up. >> we have other great guests, aryianna huffington will be wit us, but the main event, speaking with steve mnuchin, new treasury secretary for the first time and wilbur ross. we'll talk to them together. lots of questions for both gentlemen about their plans, about donald trump, about the new administration and what this all means. that's what we have. don't miss it. i don't want to miss it. nothing else to say. >> it will be fantastic. great opportunity. wh >> what do you want to know? >> on the trade question, wilbur ross has been on with you many times, critical of some of the us trade dea u.s. trade deals, how far will president-elect push back on nafta. >> i'm confused as to where they want to go with that, extraordinary stuff. 7:00 a.m. >> see you in a bit. >>> still to come, futures pointing to gains for stocks at the open. we'll get more thoughts from darrell cronk. he's up next. which allergy? eees. bees? eese. trees? eese. xerox h
andrew ross sorkin has a look at what's coming up. the interview of the day you have coming up. >> we have other great guests, aryianna huffington will be wit us, but the main event, speaking with steve mnuchin, new treasury secretary for the first time and wilbur ross. we'll talk to them together. lots of questions for both gentlemen about their plans, about donald trump, about the new administration and what this all means. that's what we have. don't miss it. i don't want to miss it....
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Feb 17, 2012
02/12
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ross? >>> british prime minister david cameron says businesses are holding back the economic recovery by not hiring enough women to sit on their board. sitting at a summit in stock holm he warned it firms may have to face quotas if they do not start in even ysenior positions. offer of the book sharpen your heels, this is money penny's career advice for women and good to see you. the interesting thing is your book, i have this one, but in the uk -- >> in the uk it looks like this. >> career advice for ambitious women. >> the word ambitious is excluded from the title in the united states because they believe every woman in the united states is ambitious. >> and we have three ftse 100 companies run by women, american women. >> but three of them are american so we have to import our women at the top. >> is there a -- here is the first thing. that suggests there's -- david cameron's speech suggests there's a glass ceiling. >> there's no glass ceiling. >> what is preventing women -- is it women t
ross? >>> british prime minister david cameron says businesses are holding back the economic recovery by not hiring enough women to sit on their board. sitting at a summit in stock holm he warned it firms may have to face quotas if they do not start in even ysenior positions. offer of the book sharpen your heels, this is money penny's career advice for women and good to see you. the interesting thing is your book, i have this one, but in the uk -- >> in the uk it looks like this....
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Feb 16, 2010
02/10
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louisa. >> hi, ross. i don't know if i'd go quite as far to say that there's a crisis as of yet, but something needs to be done to avert a crisis. if you promise unlimited usage in broadband, it means that you are going the face a scenario where potentially you end up being saturated with the amount of broadband that we have now. so that is definitely something a lot of people are worried about. there is an area that we're focused on very much and getting the pricing strategy right. i just had an lce demonstration, as well, taking place in the ericsson hall. they have a huge hall set up here. and lce being four ge st an area of technology that we're not quite at yet, but it's coming. it's ensuring that we see a switchover to faster, seamless usage in all the mobile devices that you are coming out of 3 1/2 g, which is the area we're in now. but essentially, a lot of the technologies are where they are now and now it's about making sure that the keep the consumers spending. applications is a huge issue this
louisa. >> hi, ross. i don't know if i'd go quite as far to say that there's a crisis as of yet, but something needs to be done to avert a crisis. if you promise unlimited usage in broadband, it means that you are going the face a scenario where potentially you end up being saturated with the amount of broadband that we have now. so that is definitely something a lot of people are worried about. there is an area that we're focused on very much and getting the pricing strategy right. i...
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Apr 28, 2010
04/10
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hey, carl. >> hey, ross. as you probably can guess, we're going to talk a lot about goldman and the grilling they took yesterday on the hill, that marathon hearing is taking shots at the wall street giant. goldman's armor did hold up, although it did take a few dents. we even had a few profanities flying around the hearing room. we'll have david faber's interview with lloyd blankfein. the fed on the clock, chairman bernanke and company not expected to change rates. but what about the language? we have former fed insiders, including ric mishkin who will join us at 8:00 eastern time, our guest host today. the road to financial reform, negotiations in full swing to get that deal to the senate floor. senator bob corker will tell us about some of the key points that could bring both sides closer together. >>> and cable giant comcast is getting ready to check into earnings central. we'll talk to the chairman and ceo brian roberts about the quarter and beyond. ross, we're paying a lot more attention to comcast nebs
hey, carl. >> hey, ross. as you probably can guess, we're going to talk a lot about goldman and the grilling they took yesterday on the hill, that marathon hearing is taking shots at the wall street giant. goldman's armor did hold up, although it did take a few dents. we even had a few profanities flying around the hearing room. we'll have david faber's interview with lloyd blankfein. the fed on the clock, chairman bernanke and company not expected to change rates. but what about the...
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Feb 3, 2012
02/12
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ross? >>> the u.s. justice department has indicted on charges it helped wealthy americans evade taxes by setting up secret offshore accounts. the news comes a week after switzerland's oldest private bank broke itself up by selling the nonu.s. part of its business. the united states is investigating ten other swiss banks including credit suisse and julius beyer. they don't consider tax evasion a crime. still to come is britain heading for recession or not? we might get a key answer with the results of services pmi after this. wÑwÑwÑwÑwÑwÑwÑwÑwÑososososvycyíy >>> this is cnbc's "worldwide exchange." the headlines from around the globe and the u.s., it's all about jobs. expected to show another month of slow, steady, yet unspectacular hiring growth. >>> official versus private. two different readings of the growth in china services, pmis are released. china stock surges after worries of a hard landing dissipate. >>> and in the eurozone the service sector shows the first sign of growt
ross? >>> the u.s. justice department has indicted on charges it helped wealthy americans evade taxes by setting up secret offshore accounts. the news comes a week after switzerland's oldest private bank broke itself up by selling the nonu.s. part of its business. the united states is investigating ten other swiss banks including credit suisse and julius beyer. they don't consider tax evasion a crime. still to come is britain heading for recession or not? we might get a key answer with...
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Nov 8, 2013
11/13
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i'm ross westgate. your headlines today, unveiling an unexpected slump in industrial output after suffering a shock credit rating. that's dragged down stocks and pushed the euro lower again. >>> the french finance minister call the agent's judgment inaccurate. >> i'm not surprised about what was going on with the downgrade this morning. i said it earlier, we were up in italy 8%. we were up in spain 4%. >> to italian stocks, telecom italia trying to bolster sales. plus, a jump in chinese exports, but as beijing leaders gather for their policy meeting, just how strongly will they push ahead with economic reform? >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> hello. we've got a full bumper show to end the week, but if that wasn't enough we've got jobs friday coming up and the impact of the government shutdown, as well. so on today's show, as they gather in beijing, some of the big question is whether they will agree on any major economic reforms. th
i'm ross westgate. your headlines today, unveiling an unexpected slump in industrial output after suffering a shock credit rating. that's dragged down stocks and pushed the euro lower again. >>> the french finance minister call the agent's judgment inaccurate. >> i'm not surprised about what was going on with the downgrade this morning. i said it earlier, we were up in italy 8%. we were up in spain 4%. >> to italian stocks, telecom italia trying to bolster sales. plus, a...
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May 5, 2010
05/10
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small change, right, ross? >> yeah, yeah. >>> coming up on "worldwide exchange," are we looking at a traditional case in sell in may and go away? we'll discuss it after this break. >> the risk aversion is to the benefit of the treasury market at the time being. >>> welcome to "worldwide exchange." the headlines making news today, out of the united states, the tide of red ink may flow for a second day after wall street sees the biggest route in three months. >> mean while, european equity markets are lower as angela merkel tells her parliament that our future depends on the best of the greek bailout plan. >> and here in asia, bourses plunge on risk aversion, triggered by fears the europe yap debt crisis will spread beyond greece. >> we just got euro zone february sales. the revision is flat on the month, minus 0.1% on the year. the march retail sales forecast is up 0.3% on the month, so very disappointing, indeed. and the february revision was minus 0.2% on the month, minus 0.2% on the year. so retail sales in t
small change, right, ross? >> yeah, yeah. >>> coming up on "worldwide exchange," are we looking at a traditional case in sell in may and go away? we'll discuss it after this break. >> the risk aversion is to the benefit of the treasury market at the time being. >>> welcome to "worldwide exchange." the headlines making news today, out of the united states, the tide of red ink may flow for a second day after wall street sees the biggest route in...
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Jan 18, 2017
01/17
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secreta secretary designee wilbur ross. he will say he's not anti-trade but the billionaire investor will argue that the united states should not allow for malicious practices or unfair subsidies from foreign trading partners. he will have a fair trade argument instead of saying he's anti trade. >>> on trump's pick for commerce, ross has promised to sell his stake in his main private equity firm, divest all sorts of other assets and revine from corporate boards. he will keep interests in lending and shipping. >> two other private equity giants joining us in the next half hour. we will discuss wilbur ross's appointment with them. financials in focus today. goldman sachs and citigroup set to post results before the bell. goldman premarket is up sh, mor
secreta secretary designee wilbur ross. he will say he's not anti-trade but the billionaire investor will argue that the united states should not allow for malicious practices or unfair subsidies from foreign trading partners. he will have a fair trade argument instead of saying he's anti trade. >>> on trump's pick for commerce, ross has promised to sell his stake in his main private equity firm, divest all sorts of other assets and revine from corporate boards. he will keep interests...
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Apr 26, 2010
04/10
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ross? >>> ireland's biggest bank is claiming to raise nearly $4.5 billion in capital. bank of ireland says just over $2.5 billion will come from a rights issue, the rest will be from institutional shareholders. the bank says the extra capital will top the government taking an even bigger stake in the institution. ireland's government expects to earn 36.5% of the bank after the capital raising. >>> ross, toyota says it managed to boost global production in march by a whooping 96.7%, relative 770,000 vehicles. but the steep gain is largely on the back of low comparison figures from march 2009 numbers when the company was adjusting to a plunge in demand in the wake of the global financial crisis. still, things could be looking up for the embattled automaker. the nikkei reporter this weekend said impressive operating profit of as high as half a billion dollars for the financial year. above market consensus. this is attributable to the weaker yen and cost-cutting efforts. toyota shares getting a
ross? >>> ireland's biggest bank is claiming to raise nearly $4.5 billion in capital. bank of ireland says just over $2.5 billion will come from a rights issue, the rest will be from institutional shareholders. the bank says the extra capital will top the government taking an even bigger stake in the institution. ireland's government expects to earn 36.5% of the bank after the capital raising. >>> ross, toyota says it managed to boost global production in march by a whooping...
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Feb 6, 2012
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>> plenty, ross. coming up next on "worldwide exchange," a view, of course, on the road ahead for the japanese auto sector ahead of earnings with the likes of nissan and toyota this week. will 2012 be the week of revival for the ailing industry? >>> this is cnbc's "worldwide exchange," the headlines from around the globe. greece says there's no deadline to agree to terms of the second bailout as talks of the troika continue. shares in glencore fall following a report commodities trader sweetened its bid for xstrata. >>> china ratcheting up trade dispute with the eu banning its airlines from pay iing a carbon tax without its permission and saying it will continue counter measures to protect chinese companies. the elsewhere president obama says it would be very risky to launch a military strike against iran saying he prefers a diplomatic end to the nuclear standoff in the persian gulf. >>> a greek government spokesman now says there is no deadline to agree on new bailout terms today as lawmakers continu
>> plenty, ross. coming up next on "worldwide exchange," a view, of course, on the road ahead for the japanese auto sector ahead of earnings with the likes of nissan and toyota this week. will 2012 be the week of revival for the ailing industry? >>> this is cnbc's "worldwide exchange," the headlines from around the globe. greece says there's no deadline to agree to terms of the second bailout as talks of the troika continue. shares in glencore fall following a...
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Feb 25, 2013
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chery is here to tell us more. >> hi, ross. yes, and this actually takes president park geun-hye back to the top office. quite meaningful there more than 30 years after she left the presidential compound after her father, former president pak geun-hye was assassinated. her message was she would try to make people happy while she try toes improve the economy. she also said people, individuals are the core elements of economic growth and she calls it economic rejuvenation when the korean economy is showing signs of a slowdown. and by bloog looking at her education background in engineering and her vow to bring back a korean talent that went overseas, it looks like she's aspiring to have a korean next mark zuckerberg and korean steve jobs. now, of course, she has much more on her plate with the currency issue which she didn't really touch on and the north korea factor that you mentioned earlier on, as well. ross, back to you. >> thanks for that. catch you later. park faces significant challenges at home as many south koreans are s
chery is here to tell us more. >> hi, ross. yes, and this actually takes president park geun-hye back to the top office. quite meaningful there more than 30 years after she left the presidential compound after her father, former president pak geun-hye was assassinated. her message was she would try to make people happy while she try toes improve the economy. she also said people, individuals are the core elements of economic growth and she calls it economic rejuvenation when the korean...
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Sep 10, 2009
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mike. >> thanks, ross. up next on "worldwide exchange," the dow traded in positive territory for 96% of the day yesterday. what's in store for today? we're going to look ahead to the trading day on wall street, coming up next. -d-d-d-d-d-d-d-dd >>> okay. we're under ten minutes away from "squawk box." joe is with us to tell us what's coming up today. hey, joe. >> hey, ross, a big speech last night. we will talk about the president's appeal for health care reform and the reaction. we have congressman peter rosscom, they're going to face off against president obama's presentation on capitol hill last night. we'll get reaction from the corner office, as well. cvs's caremark tom ryan will tell us how reform could impact his business and others and then fortune is about to unveil its list of the most powerful women in business. we have a cup of them joining us on "squawk box," including influential banking analyst meredith whitney, yahoo! oe carol barts and former chief and the economy. plus, breaking news on jo
mike. >> thanks, ross. up next on "worldwide exchange," the dow traded in positive territory for 96% of the day yesterday. what's in store for today? we're going to look ahead to the trading day on wall street, coming up next. -d-d-d-d-d-d-d-dd >>> okay. we're under ten minutes away from "squawk box." joe is with us to tell us what's coming up today. hey, joe. >> hey, ross, a big speech last night. we will talk about the president's appeal for health...
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Feb 27, 2012
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>> reporter: thanks, ross. you'd think with all the technology we could come to you directly on time. let me tell you what is happening here. it's in full swing. we have a bunch of exhibitors. about 60,000 participants. so all the major players are here, the likes of samsung, nokia, ericsson. over to my left is ford, staging a big event, unveiling a new car that is integrated to the internet. i want to swing over this way. there is a flying horse made up of smart phones. i guess you can draw all sorts of connotations, it flies ahead of the competition in developed markets, also, a huge event facility over to my right as well. a whole bunch of delegates there as they try to take on the likes of apple and the higher end brands across this spectrum and gain market share right across the mobile space. but what i found interesting was the amount of apps. i took a look at where the future is going. i found a new one useful for ross. if you find yourself in a foreign city with no reservation, no booking, you can log o
>> reporter: thanks, ross. you'd think with all the technology we could come to you directly on time. let me tell you what is happening here. it's in full swing. we have a bunch of exhibitors. about 60,000 participants. so all the major players are here, the likes of samsung, nokia, ericsson. over to my left is ford, staging a big event, unveiling a new car that is integrated to the internet. i want to swing over this way. there is a flying horse made up of smart phones. i guess you can...
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Jan 31, 2012
01/12
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ross westgate is in london. radio shack gets unplugged as shares of the consumer electronics retailer slide nearly 20% in after hours on monday. the company is cutting its fourth quarter outlook on significant weakness in its sprint wireless business. ra radio shack says that's more than offsetting sales growth from its partnership with verizon wireless. rising revenues from at&t and higher sales of tablets and ereaders. they expect to earn 13 to 17 cents a share. analysts had expected 37 cents, ross. >>> strong numbers out from a.r.m. today. earnings well above expectations. pretax profits rising 45%. the company whose technology pair is apple products. the ceo said he is confident they will continue to gain market share. >> we're drawing people's attention to what's going on in the outside world but the markets are continuing to grow strongly. >> stock up in a.r.m. today reporting an 8% rise in net profit by bskyb. the operator said it will launch a new internet it tv service for non-sky companies to compete w
ross westgate is in london. radio shack gets unplugged as shares of the consumer electronics retailer slide nearly 20% in after hours on monday. the company is cutting its fourth quarter outlook on significant weakness in its sprint wireless business. ra radio shack says that's more than offsetting sales growth from its partnership with verizon wireless. rising revenues from at&t and higher sales of tablets and ereaders. they expect to earn 13 to 17 cents a share. analysts had expected 37...
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Mar 9, 2010
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and i think, ross, it's interesting. some of the best ways to play even the emerging market stories is to look in the dwopt developed market where the valuations at the moment look reasonable in many cases and you can buy the mega caps, the global, the largest companies in the world where you get exposure to some sort term cyclical recovery in the u.s. examine perhaps later down the track in europe. but at the same time, you get exposed to the biggest brands in the world and playing on the development of the chinese consumer and what have you. so the uk market isn't perhaps a great reflection of the uk economy itself. the glaxos, bps, vodafones, etcetera. >> why do you think it is, doug, that we've been able to rally in the last few weeks? some markets just kind of got in on it. why is that? >> if you look at the year 20 date, the so-called piigs, once people start to focus on a story, there's a lot of foem focuses on that at the moment. if we go back three or four months, everybody was saying that the u.s. dollar was de
and i think, ross, it's interesting. some of the best ways to play even the emerging market stories is to look in the dwopt developed market where the valuations at the moment look reasonable in many cases and you can buy the mega caps, the global, the largest companies in the world where you get exposure to some sort term cyclical recovery in the u.s. examine perhaps later down the track in europe. but at the same time, you get exposed to the biggest brands in the world and playing on the...
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Jul 8, 2009
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. >>> and i'm ross westgate. the chinese president heads home early to deal with unrest. >> and i'm scott wapner in the u.s. alcoa leads the blue chips out of the starting gate kick off earnings season when it reports later today. >>> hello and welcome to cnbc's "worldwide exchange." the earnings season kicks off later in the u.s. the g-8 is under way, as well, in italy. plenty of data coming out, as well, all over the globe. we'll get to all of it during the course of today's show. the ftse cnbc global 00, currently down 25 points. we saw wall street hitting a ten-week low. at the close yesterday, the talk of a new stimulus plan. right now here in europe, an hour into the trading day, not quite as bad as the fall christine was talking about yesterday. down .7% for the cac who at the moment. insurance, financial goods and services are the weakest sectors on the urgent on the currency markets, the yen has hit its highest level against the euro and the dollar. dollar/yen, 94.20. euro/dollar, .3885. sterling/dollar,
. >>> and i'm ross westgate. the chinese president heads home early to deal with unrest. >> and i'm scott wapner in the u.s. alcoa leads the blue chips out of the starting gate kick off earnings season when it reports later today. >>> hello and welcome to cnbc's "worldwide exchange." the earnings season kicks off later in the u.s. the g-8 is under way, as well, in italy. plenty of data coming out, as well, all over the globe. we'll get to all of it during the...
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Sep 17, 2009
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. >> i'm ross westgate here in europe. shares saw today in irish banks after a bad bank planned was unveiled to revive the country's ailing financial system. >>> and i'm julia boorstin in the united states. investors will be watching the housing starts and weekly jobless claims. will bernanke be right that the recession is likely over snch. >>> hello and welcome to cnbc's "worldwide exchange." stocks continue to rise and the dollar continues to weaken. that seems to be the story as we look toward the u.s. open a little bit later. the ftse cnbc global 300 is currently up 23 points. not quite percentage gains on the bourses, ftse 00, nearly up 1%. xetra dax up 0.7% as well as the cac 40. smi up 0.5%, as well. the ftse 100 is aiming to post its best quarterly performance since the index was set up back in 1984. on the currency markets, the dollar is down at a one-year low. the euro hit a fresh one-year high above 1.4738. at the moment, 1.4743. dollar/yen is back down in the 90s. don't go below 90 at the moment. sterling/cable
. >> i'm ross westgate here in europe. shares saw today in irish banks after a bad bank planned was unveiled to revive the country's ailing financial system. >>> and i'm julia boorstin in the united states. investors will be watching the housing starts and weekly jobless claims. will bernanke be right that the recession is likely over snch. >>> hello and welcome to cnbc's "worldwide exchange." stocks continue to rise and the dollar continues to weaken. that...
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Apr 22, 2010
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nicole. >> ross, lloyd blankfein goes on attack. he says the government is, quote, out to kill them. the whole thing is a stunt and the s.e.c. hurts america. blankfine as well as others will testify in front of the senate on tuesday. the traders may be hurting goldman's standings with some investors. also, senate democrats plan to go on the attack today with a bill crafted by chris dodd. they need 60 votes to block a republican filibuster which would prevent formal debate from starting on the measure. the congressional office says the bill would cut the deficit by $21 billion over the next decade. christi christine. >> nicole, driven by asia, the data showed japanese exports in march holding firm, up 43.5% from a year earlier led by shipments of cars, semi conductors. exports to asia total exports rose almost 53% in march from a year earlier. but the strength in exports have yet to spill into japan's domestic economy. so in japan, ratings agency moody's slapped toyota with a downgrade. moody's says the ratings comes with a negative
nicole. >> ross, lloyd blankfein goes on attack. he says the government is, quote, out to kill them. the whole thing is a stunt and the s.e.c. hurts america. blankfine as well as others will testify in front of the senate on tuesday. the traders may be hurting goldman's standings with some investors. also, senate democrats plan to go on the attack today with a bill crafted by chris dodd. they need 60 votes to block a republican filibuster which would prevent formal debate from starting on...
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Apr 20, 2017
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we also speak with wolfgang schauble, wilbur ross and mario longhi. your lucky traders today, we're going to hear from all of them in a bit. we start with a big cnbc exclusive. leslie picker scoring a big interview with mick mcguire who is on the attack against buffalo wild wings. >> that's right, brian. mercado reiterating their four nominees and also calling for the resignation of the ceo, sally smith. mick mcguire is here with us live from san francisco. he's the founder and managing partner of marcato. mick, you've been invested in this stock for about a year. what was the catalyst that you determined made sally smith a problem now? >> we have been invested in the stock for over a year at this point. we've been involved in very active conversations with the board and the management team throughout that entire period of time. and we've clearly reached the point that we have the view that the status quo is simply not working. at the annual meeting in six weeks, the shareholders will have an opportunity to vote for real change and we think real chang
we also speak with wolfgang schauble, wilbur ross and mario longhi. your lucky traders today, we're going to hear from all of them in a bit. we start with a big cnbc exclusive. leslie picker scoring a big interview with mick mcguire who is on the attack against buffalo wild wings. >> that's right, brian. mercado reiterating their four nominees and also calling for the resignation of the ceo, sally smith. mick mcguire is here with us live from san francisco. he's the founder and managing...
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ross. >> raising rates. at least someone is raising rates around the world and it's been australia. >>> still to come on "worldwide exchange," who should be taking responsibility for any grooek bailout? first, let us know what you think. >>> and welcome back to "worldwide exchange" for this tuesday. let's take a quick look at how the gold price is doing right now. right now, spot gold is trading a little bit to the down side, flat at the time moment. $1,116.45 an ounce. let's check where crude oil is trading, as well. should be pretty flat, as well, $78.61 ra barrel. brent, a bit of lackluster trade, trading to the flat side, $76.88 a barrel. not a lot of incentives for these commodity toes move, ross. >> let's talk more about greece. greek prime minister has called a cabinet meeting to make decisions about the economy. sgie on the ground there. do we think this will get decision bes the new austerity budget? >> reporter: we will get details on that. what we understand is happening today is ministry minister
ross. >> raising rates. at least someone is raising rates around the world and it's been australia. >>> still to come on "worldwide exchange," who should be taking responsibility for any grooek bailout? first, let us know what you think. >>> and welcome back to "worldwide exchange" for this tuesday. let's take a quick look at how the gold price is doing right now. right now, spot gold is trading a little bit to the down side, flat at the time moment....
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Jul 29, 2013
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that's a good question, ross. you know, at nielsen when we do the global consumer confidence survey, certainly one of the countries that we look extremely closely at is what is happening in the u.s. the overall trend there is that it's a rising consumer confidence. when you look at other economic kinds of indicators, you see that core inflation is actually below the fed target. and that should provide them with some additional amount of scope in order to continue the monetary easing if they wanted to do that. i think the fed has also said that -- this is my understanding of it -- is that they are going to watch how the consumer develops, how the private sector develops and the economy as a whole is progressing. but certainly with the inflation numbers, they should have some amount of leeway and some flexibility about their policy. >> what is the biggest driver right now for consumer confidence in the states? >> i think that what you're seeing out here is that, you know, we're looking simultaneously at a number of
that's a good question, ross. you know, at nielsen when we do the global consumer confidence survey, certainly one of the countries that we look extremely closely at is what is happening in the u.s. the overall trend there is that it's a rising consumer confidence. when you look at other economic kinds of indicators, you see that core inflation is actually below the fed target. and that should provide them with some additional amount of scope in order to continue the monetary easing if they...
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Feb 2, 2010
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ross, nicole. >> thanks, christine. we have a little construction program coming out of the uk. >> and instant analysis, of course, right after the break. president obama tries to straddle the line between a soaring deficit and a shaky recovery. we're going to discuss whether or not he's 3.8 trillion budget can do the trick. >>> this is krvenz's "worldwide exchange." the headlines from around the globe. >> the bank of australia shocked market by leaving rates unchanged at 3.75%. >> here in europe, spain tells cnbc that its austerity measures are realistic, although painful. >> in the united states, it's groundhog day. will the united states see its shadow? automakers get a boost as they report january sales today. >>> you're watching cnbc's "worldwide exchange." christine tan, nicole and myself, ross westgate. stock markets today are trying to get back to the flat line in europe. bp would be the main drag. their numbers came out this morning and disappointed. the ftse cnbc global 300 has bounced off the lows, 11 points.
ross, nicole. >> thanks, christine. we have a little construction program coming out of the uk. >> and instant analysis, of course, right after the break. president obama tries to straddle the line between a soaring deficit and a shaky recovery. we're going to discuss whether or not he's 3.8 trillion budget can do the trick. >>> this is krvenz's "worldwide exchange." the headlines from around the globe. >> the bank of australia shocked market by leaving...
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Mar 3, 2017
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secretary, wilbur ross. it's friday march 3, 2017. "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box." >>> good morning. welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick with joe kernen. andrew ross sorkin will join us at the top of the 7:00 hour with commerce secretary wilburio ros. joining us on set is jason. are you watching all these records we've been setting? >> you're darn right. it's terrific. let the good times roll. >> there you go. >> you have been. you've been long. >> we've been long. >> good. that's why you're here. can't find anyone. we have one guy left. simeon. >> is he bullish? >> he will be on. already talked to him. one of the things he's saying is even if -- if there is a stumble in some of this stuff, market already deserves to be here, which is what i think. >> i think so, too. >> in terms of tax policy or -- >> that stuff is a bonus. just not having the private sector vilified on a daily basis, not
secretary, wilbur ross. it's friday march 3, 2017. "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box." >>> good morning. welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick with joe kernen. andrew ross sorkin will join us at the top of the 7:00 hour with commerce secretary wilburio ros. joining us on set is jason. are you watching all...
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Feb 3, 2010
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it's ross here in london. >> hi, ross. >> if you take a look at what's happening with the capital markets, we've made peaked here in the near term and what we've had is copper being supported last year by unprecedented stockpiling, which has now come to an end. what is your view on that? >> i think the commodities sector has done extremely well. there has been a die vergence and an early warning sign that commodities continue rising. one of the big concerns if you look at the growth numbers for china for 2010, the most vulnerable part seems to be the fixed asset investment. the policy is tending to focus on the slowdown in housing. you know, asian governments don't want to have property bubbles. the chinese property market has been very hot and we're starting to see policy markets slowing that down a lot in today's headlines. so that doesn't go so well for the commodity markets. and if we look at the cargo pricing, as well, here cargo is starting to ship to high tech goods performancing better than the bulk commodities. so i guess it's something we do want to watch out for. >> this is nic
it's ross here in london. >> hi, ross. >> if you take a look at what's happening with the capital markets, we've made peaked here in the near term and what we've had is copper being supported last year by unprecedented stockpiling, which has now come to an end. what is your view on that? >> i think the commodities sector has done extremely well. there has been a die vergence and an early warning sign that commodities continue rising. one of the big concerns if you look at the...
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i'm ross westgate. here are the headlines. russia's economics minister tells us the country's slowdown is a domestic issue and not down to sanctions. speaking to cnbc, he's rolled out restrictions against capital -- >> it's absolutely impossible, absolutely. we very much need movement of goods and services. >> china unveils a mini stimulus package rounding up spending. it helps the country's railway stocks steam ahead. >>> imf christine legarde urging policy easing. >>> and stronger data helps appreciating stocks to the longest rally in three months. the dow flirting with a new high. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> and welcome to today's program. we are just over an hour into trading during the european session at the moment. you can see on the stoxx europe 600 currently, advancers being outpaced by decliners by around about 5/4 at the moment. let's show you where we stand. we hit the session lows just a short while ago. yesterday
i'm ross westgate. here are the headlines. russia's economics minister tells us the country's slowdown is a domestic issue and not down to sanctions. speaking to cnbc, he's rolled out restrictions against capital -- >> it's absolutely impossible, absolutely. we very much need movement of goods and services. >> china unveils a mini stimulus package rounding up spending. it helps the country's railway stocks steam ahead. >>> imf christine legarde urging policy easing....
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Feb 7, 2012
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ross? >> good to have you on today, simon. so we finally got it, the deal announced, agreed between xstrata it and glencore. it's a $90 billion merger. it will be called glencore xstrata. the shareholders are getting a 50% premium to where the shares were wednesday. 2.8 new shares for each xstrata share they hold. xstrata ceo will lead with glencore ceo will be the president and deputy ceo. the chairman holds on to his previous post. in terms of stock price today, we saw reaction last week. glencore international trading higher today up six points to 467. xstrata stock down to 1,229. john foley, the greater china bureau chief at reuters, thanks very much indeed for joining us. i see standard life this morning. they said they're going to vote against this deal. is there enough for xstrata shareholders, bear in mind mergers have a 20% or 30% premium? >> well, you said there was a 15% premium earlier. it's a bit cheap for can companies to say that because that's comparing glencore's shares tod
ross? >> good to have you on today, simon. so we finally got it, the deal announced, agreed between xstrata it and glencore. it's a $90 billion merger. it will be called glencore xstrata. the shareholders are getting a 50% premium to where the shares were wednesday. 2.8 new shares for each xstrata share they hold. xstrata ceo will lead with glencore ceo will be the president and deputy ceo. the chairman holds on to his previous post. in terms of stock price today, we saw reaction last...
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Oct 15, 2009
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. >> and i'm ross westgate. here in europe, positivity peak is out as equities turn negative despite the momentum in the u.s. and asia. >> and i'm brian shactman in the states. investor he are wondering whether goldman sachs and citigroup can keep the rally going. >> hello and welcome to cnbc's "worldwide exchange." global equities have been stronger. the ftse cnbc global 300 is up 12 points. european markets are up 0.4%. the ftse 100 is down 0.4%. the dollar/yen is 89.48. the greenback is also under pressure after the fed minutes yesterday leaving the door open to interest rates staying low for quite some time. dollar/yen, 89.5. euro/dollar, 1.4933. sterling, back to 1.6160. euro/sterling, 0.9238. earlier this week, we were having well over 94. >> hey region ross. good to see you in asia. we had a strong session so far. we had a lot of optimism about retail sales day. let's take a look at some of the markets for you. the nikkei 225 is up 1.7%. the kospi up 0.6%. a little bit of gains 37 we're limited because of
. >> and i'm ross westgate. here in europe, positivity peak is out as equities turn negative despite the momentum in the u.s. and asia. >> and i'm brian shactman in the states. investor he are wondering whether goldman sachs and citigroup can keep the rally going. >> hello and welcome to cnbc's "worldwide exchange." global equities have been stronger. the ftse cnbc global 300 is up 12 points. european markets are up 0.4%. the ftse 100 is down 0.4%. the dollar/yen is...
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Dec 10, 2012
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in geneva, ross westgate will be with us next. ross, what have you got for us? >> would he have been talking to a lot of companies that build up to these trade links, about how they're getting shielded from the global sectors and more opening up of trade. we'll hear from the ceo when we come back from "worldwide exchange." , >>> it's a trade link today. the numbers, the trade disputes this year has gone up. but some global reaches help some companies against the impact. parading at a local level in some companies has given them some form of protection. >> we make fragrances and flavors which go into a really wide variety of products. you know, from the soap, the basic soap that you would see in emerging markets such as china or even africa nowadays to snacks, to instant noodles in asia. but it also goes all the way to luxury fragrances. so that makes, you know, in the first place a very significant difference. we are dealing with day-to-day needs of the end consumers. yet the global economy, the weaknesses that you could see temporarily and that we could see in
in geneva, ross westgate will be with us next. ross, what have you got for us? >> would he have been talking to a lot of companies that build up to these trade links, about how they're getting shielded from the global sectors and more opening up of trade. we'll hear from the ceo when we come back from "worldwide exchange." , >>> it's a trade link today. the numbers, the trade disputes this year has gone up. but some global reaches help some companies against the impact....
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Apr 27, 2010
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goldman down 18% since april 15th, ross. this is coming as the goldman execs, will be on capitol hill today. we're expecting to see fireworks out of washington today. >> yeah. it's going to be must-see tv, i think. we're two hours into the trading day right now, nicole. we've clawed back some of the earlier losses. xetra dax is down marginally. the cac 40 down marginally as well as the smi. banks, good earnings out from the likes of lloyd's and deutsche, the deutsche stock did fall after initially rising. bp has good earnings out today, too. the oil sector not doing too badly. chloe, what's going on with the currency markets? >> i think we're seeing the same story, really. no resolution as far as the greek situation is concerned. you could argue that it is holding up reasonably well. euro/dollar, 1.3360. dollar/yen, 93.81. sterling/dollar, 1.5380, now down about 0.5%, of course, political uncertainty is weighing on that currency. euro/sterling, 0.8685. ross, back to you. >> plenty of earnings focus on in europe. high oil and
goldman down 18% since april 15th, ross. this is coming as the goldman execs, will be on capitol hill today. we're expecting to see fireworks out of washington today. >> yeah. it's going to be must-see tv, i think. we're two hours into the trading day right now, nicole. we've clawed back some of the earlier losses. xetra dax is down marginally. the cac 40 down marginally as well as the smi. banks, good earnings out from the likes of lloyd's and deutsche, the deutsche stock did fall after...
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Feb 9, 2010
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>> that is what we call a tease, ross. you're going to have to watch to see. >> i just -- just wondering. >> ross is just simply -- >> how big was that? is that a couple of stories? that's more than that. that poster shot looked quite big. >> careful, ross. >> i'm saying -- >> careful about the adjectives you use. >>> coming up next on "worldwide exchange," we will continue to move on to something a little bit more serious. >>> toyota continues to recall an extra half a million cars. we'll look at how long the dent to its reputation will last. we'll be alive in tokyo with more ahead on the program. [ male announcer ] for over 50 years, providing you with safe, reliable, high-quality vehicles has been our first priority. ♪ in recent days, our company hasn't been living up to the standards that you've come to expect from us or that we expect from ourselves. that's why 172,000 toyota and dealership employees are dedicated to making things right we have a fix for our recalls. we stopped production so we could focus on our cu
>> that is what we call a tease, ross. you're going to have to watch to see. >> i just -- just wondering. >> ross is just simply -- >> how big was that? is that a couple of stories? that's more than that. that poster shot looked quite big. >> careful, ross. >> i'm saying -- >> careful about the adjectives you use. >>> coming up next on "worldwide exchange," we will continue to move on to something a little bit more serious....
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Oct 8, 2013
10/13
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toshiko. >> hi, ross. japan's minister of finance says its current account surplus slipped 64% on the year to $1.6 billion, driving this was a larger trade deficit outweighing returns from overseas investments. competitiveness overseas, it's pushing up import costs. japans investing more overseas, but foreign companies in japan are sending more profits back home, pulling the income down. but some economists are optim t optimistic saying the current account sur is plus will likely expand gradually and are recovering exports. ross, back to you. >> all right, toshiko, thanks for that. charlie, what do you think of japan right now? >> it's been a strong story. and the aggressive plans from the bank of japan have, again, if the story of confidence, that they've management to start a process of starting to pull out of this deflationary trap. but there's big hurdles. the last time they did it, it didn't end well. it threw the economy back into a deep recession. so they're really going to have to -- they're really
toshiko. >> hi, ross. japan's minister of finance says its current account surplus slipped 64% on the year to $1.6 billion, driving this was a larger trade deficit outweighing returns from overseas investments. competitiveness overseas, it's pushing up import costs. japans investing more overseas, but foreign companies in japan are sending more profits back home, pulling the income down. but some economists are optim t optimistic saying the current account sur is plus will likely expand...
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Nov 14, 2013
11/13
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thanks, ross. better than expected gdp numbers and comments from janet yellen helped markets in asia. the dollar/yen is inching towards the 100 handle, spurring exporter stocks and some short covering in future chasing ahead of the year-end book closing. so names like kggi, panasonic and isuzu motors among the biggest gainers jumping some 3% to 5%. china markets stabilized after yesterday's sharp sell-off. the shanghai composite added 0.6%. the hang seng index gained almost 1%. south korea's kospi ended marginally higher after the bok kept rates steady. i want to show smu chinese banks. in the mainland, mixed price lenders extended yesterday's sell-off after a sharp rise in rates. this comes after refrain from pumping liquidity into the markets. earnings news also in focus in hong kong. tencent had an earnings due to expand its messaging app. but investors still cheered a 35% gain in its online gaming revenue and shares jumped almost 5%. meanwhile, retailer and beermaker china resources enterprise
thanks, ross. better than expected gdp numbers and comments from janet yellen helped markets in asia. the dollar/yen is inching towards the 100 handle, spurring exporter stocks and some short covering in future chasing ahead of the year-end book closing. so names like kggi, panasonic and isuzu motors among the biggest gainers jumping some 3% to 5%. china markets stabilized after yesterday's sharp sell-off. the shanghai composite added 0.6%. the hang seng index gained almost 1%. south korea's...
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Dec 4, 2013
12/13
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i'm ross westgate. tensions between iran and run high at opec. >>> brussels getting ready to levy a record fine from up to ten of the world's biggest banks for allegedly rigging benchmark interest rates. >>> price wars and home markets put pressure on tesco sales. its turn around plan is on track. shares are trading higher. >>> and the likelihood of a global trade deal is below 50% says indonesia's trade minister. he's call for more flexibility on agricultural subsidies. >> i think flexibility and compromise, sometimes, are required to get a multi lateral view. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> a warm welcome to today's program. we kick off with data with, the final pmi data for the eurozone showing the euro has lost momentum in november. final services pmi, 51.2. it is up from the 50.9 flash, but lower than october. sharp divergence in the final composite numbers in germany and france. the french composite down 48. only managed two
i'm ross westgate. tensions between iran and run high at opec. >>> brussels getting ready to levy a record fine from up to ten of the world's biggest banks for allegedly rigging benchmark interest rates. >>> price wars and home markets put pressure on tesco sales. its turn around plan is on track. shares are trading higher. >>> and the likelihood of a global trade deal is below 50% says indonesia's trade minister. he's call for more flexibility on agricultural...
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Dec 13, 2013
12/13
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ross stores runs ross dressed for less and didi's discounts. sizing up the competition, 1285 ross store locations in the u.s. and guam. tjmaxx is the leader with 3212 stores in six countries. but ross stores packs a more punch with more sales per square foot. both off pricers landed higher income in the vent quarter but t.j. maxx trumps with 18% over ross' respectable 7% growth. they lowered earnings guidance for the current quarter for the first time in nearly 20 quarters while tjx cites the ability to succeed in all types of economic and retail environments. the off-price retailers don't get a lot of attention in the media but maybe they should. it's getting stronger at ross stores and tjx and shoppers that left jcpenney went here to these players. department stores and discounters really should be watching tjx and ross stores. >> who will win this christmas, tjx or ross stores? >> i'm going with tjx here. marshall's, home goods, has so much going on, they're getting on to the internet now. they're doing flash sales, they're in europe. they'r
ross stores runs ross dressed for less and didi's discounts. sizing up the competition, 1285 ross store locations in the u.s. and guam. tjmaxx is the leader with 3212 stores in six countries. but ross stores packs a more punch with more sales per square foot. both off pricers landed higher income in the vent quarter but t.j. maxx trumps with 18% over ross' respectable 7% growth. they lowered earnings guidance for the current quarter for the first time in nearly 20 quarters while tjx cites the...
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Mar 12, 2014
03/14
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i'm ross westgate. the headlines today from around the globe, concerns grow in china with copper down 5% pushing equity prices lower in asia and europe. futures falling by their daily limits. >>> malaysian authorities hold the latest press conference in the disappearance of flight 370. >>> the world's biggest staffing company, adecco, reports a jump in revenue, helped by recovering, pushing shares atop the market. >>> and investors are cheering the potential, the firm hiking its dividend after quarterly figures and extending its business activity in asia and africa. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, a warm welcome to today's "worldwide exchange." we're waiting for the latest press conference on the mysterious disappearance of the malaysian flight 370 to begin. this is the room in kuala lumpur where that will be held. as soon as it does, we will be going there. meanwhile, a very good morning to you. welcome to the start of
i'm ross westgate. the headlines today from around the globe, concerns grow in china with copper down 5% pushing equity prices lower in asia and europe. futures falling by their daily limits. >>> malaysian authorities hold the latest press conference in the disappearance of flight 370. >>> the world's biggest staffing company, adecco, reports a jump in revenue, helped by recovering, pushing shares atop the market. >>> and investors are cheering the potential, the firm...